Energy Update
Ten teams are semifinalists in the American-Made Geothermal Geophone Prize. They each earn $75,000 in cash prizes and $75,000 in vouchers for technical help to advance technologies to further develop the renewable energy resource.
Geophones are tools that are used to detect underground acoustic vibrations or to listen for seismic noise. They are useful in a variety of applications and increasingly in geothermal reservoir monitoring.
Midcontinent Independent System Operator (MISO) is not offering a soft landing for solar on the transmission grid. MISO is going out of its way to penalize solar by reducing the capacity value to zero, insisting developers pay more for non-firm transmission access to go along with continued delays in processing interconnection studies.
Renewable energy retailer Octopus Energy US is partnering with Enphase Energy, Inc., a supplier of microinverter-based solar and battery systems, to create a virtual power plant (VPP) in Texas.
With the partnership, Octopus Energy customers in the US will be able to integrate Enphase home solar and battery solutions in their energy plan in the hopes of accessing low-cost residential energy rates.
By DÁNICA COTO Associated Press
SAN JUAN, Puerto Rico (AP) — A U.S. government study has determined that with little room on the island for large-scale solar farms or wind generators, Puerto Rico should aim to reach its clean-energy goals by installing solar panels on all suitable rooftops, along with airports, brownfields and industrial areas.
Aypa Power, a Blackstone company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, said it closed $320 million of letter-of-credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as coordinating lead arrangers and joint bookrunners.
Contributed by the Department of Energy’s Oak Ridge National Laboratory
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BENGALURU, India (AP) — For six years, Pravinbhai Parmar’s farm in Gujarat state in western India has been lined with rice, wheat and solar panels.
The 36-year-old is among a handful of farmers in his native Dhundi village who have been using solar power to irrigate crops.
“I was spending nearly 50,000 rupees ($615) every year to water my crops,” said Parmar. “With solar I spend nothing.”
By Natalie McIntire, Clean Grid Alliance and Ric O’Connell, Grid Lab
The holidays are over, and we survived another severe winter storm that affected millions of people over a large portion of the country during Christmas week. The storm brought blizzard conditions, high winds, and deep-freezing temperatures just as families gathered to celebrate the holidays.
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